Auto News 5

GM is recalling about 3,300 late-model pickups and SUVs to fix an ignition switch that can slip out of the run position and cause the engine to stall, a problem that mirrors the deadly defect that led the company last year to recall 2.

Lexus quietly released its 2016 model year pricing on its full lineup this week, including the redesigned RX crossover and its first-ever trio of turbocharged cars.

Ferrari's initial public stock offering is oversubscribed throughout its price range as investor interest in the supercar maker outstrips the shares available, people familiar with the matter told Bloomberg.

VW's group sales fell 1.5 percent in September as sales gains at Audi and Porsche failed to offset declines at the automaker's other brands.

Fiat is once again teaming up with a celebrity for its newest ad blitz. In the 30-second TV commercial, Pharrell Williams' song 'Freedom' is played over a montage of people driving 2016 Fiat 500X subcompact crossovers.

News 16 Oct, 2015

Chinese brand Qoros reveals its new 5 SUV at Milan Expo fashion show, before its official reveal at Guangzhou Motor Show

VW Group hired a compliance chief with a reputation for toughness from rival Daimler to help stem the fallout of the diesel-emissions cheating scandal shattering the automaker.

Aston Martin saw its losses almost triple in 2014 following a recall of thousands of its cars and declining sales in China.

Volkswagen's diesel issues and some wider ramifications continued to make the news this week.

General Motors sold 7.2m vehicles globally in the first nine months of 2015, down 1.3% on last year's tally for the same period. The overall slight decline came in spite of increases in four of its five largest markets, with record sales in China and strong retail sales gains in the US.

Guangzhou Automobile Group managed to increase vehicle sales in September, despite the slowdown of China's economy. SUV sales drove the increase.

Automobile emissions-control system makers such as Johnson Matthey and France's Faurecia are set to gain more from the chaos engulfing Volkswagen after its diesel emissions tests scandal, investors say.

Yokohama Rubber claims it has made new advances in tyre aerodynamics technology that control the air flow around tyres in motion. The new development reduces vehicle aerodynamic drag and lift, the company says.

Tata Motors Group global wholesale sales reached 97,102 units in September, higher by 21% over September 2014.

Hitachi Automotive Systems and Clarion have announced that they have developed the basic technology for preventing collisions while maintaining safe and practical speeds by predicting changes in pedestrian movements and rapidly calculating optimum speed patterns in real time

AvtoVAZ and Bipek Avto have begun to work together on the markets of the Central Asian region. The two companies have signed a corresponding agreement in Astana. It was signed by the president of AvtoVAZ, Bo Andersson and the chairman of the board of directors of Bipek Avto, Anatoly Balushkin, in the presence of Russian President, Vladimir Putin and the president of Kazakhstan, Nursultan Nazarbayev.

Kia Motors America is recalling certain model year 2011-2013 Kia Sorento vehicles manufactured 19 October 2009 to 31 January 2013. In the affected vehicles, if excessive force is applied to the gear shift lever, the brake-shift interlock mechanism may chip or crack allowing the transmission being able to be shifted out of 'Park' without the brakes being depressed. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard (FMVSS) number 114, 'Theft Protection.'

Swedish mechanical components and sub-systems manufacturer, Leax Group is eyeing Iran for potential major new business following its recent visit to the country organised by Scandinavian automotive supplier association, FKG.

Volvo says it is currently evaluating how union representation will work in practice at its new plant in South Carolina.

Nissan Vice Chairman Toshiyuki Shiga is on a $10 billion quest to discover Japan's top entrepreneurs, who can start companies as globally competitive as Tesla and Apple.